In September, the central bank released a report revealing that in August, 20% of Bolsa Família — the largest cash transfer program for Brazil's poorest citizens — was spent on betting.
Out of the 20 million recipients, 5 million placed bets during that month, amounting to 2 billion reais (approximately $450 million) spent in just one month by the most vulnerable Brazilians.
Every day we are reading reports of family loosing their cars and saving because kids were betting, which is crazy.
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